However, iSuppli expects semiconductor companies will post second quarter earnings with revenue guidance for 13% sequential growth on average and it will pave the way for a better year in 2010.

Recently, Intel reported first quarter net income decline of $647 million or $0.11 per share from $1.443 million or $0.25 per share a year ago. And revenue was $7.1 billion, down from $9.6 billion in a year earlier.

Share of Intel rose to $0.33 to 2.06% at $16.37 in the regular trading on Monday.